How much does a Construction Loan Officer make in the United States? The average Construction Loan Officer salary in the United States is $94,139 as of May 27, 2021, but the range typically falls between $78,362 and $115,081. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Construction Loan Officer develops relationships with builders and developers in order to source, solicit and sell construction loans. Interviews applicants, analyzes applicant's credit and financial status and obtains property appraisals to determine feasibility of granting loan. Being a Construction Loan Officer recommends loan terms and conditions and ensures loan agreements are complete and accurate according to policy. Approves loan within established limits or refers to loan to loan committee for approval. Additionally, Construction Loan Officer may be responsible for disbursing loan proceeds based on the completion of designated project milestones. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2021 Salary.com)... View full job description
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
LTC PROPERTIES INC
Fiscal Year Ended in 2019
What does a Construction Loan Officer do?
Construction Loan Officer in Brea, CA
Understand documentation of all types of real estate product, both owner occupied and income producing, construction and term loans.
December 31, 2020
Prepare and guide through to approval detailed written loan requests for new and renewal credit requests.
February 13, 2021
Meet assigned loan and deposit goals to comply with profit and growth objectives.
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Average Base Salary
Average Total Cash Compensation
Includes base and annual incentives
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Construction Loan Officer in the United States. The base salary for Construction Loan Officer ranges from $78,362 to $115,081 with the average base salary of $94,139. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $79,784 to $130,911 with the average total cash compensation of $103,425.